Sale of Phoenix Coyotes finalized

Glendale, AZ (Sports Network) - The Phoenix Coyotes announced that
IceArizona AcquisitionCo., LLC purchased the Coyotes from the National
Hockey League on Monday.

The sale and ownership of the Arizona franchise was approved by the NHL's
Board of Governors. IceArizona is composed of several business leaders from
across North America. Renaissance Sports and Entertainment, LLC will serve as
the managing partner of IceArizona.

"The National Hockey League believes in Arizona as an NHL market and that
these new owners can provide the Coyotes the opportunity to secure a stable,
long-term future in Glendale," NHL Commissioner Gary Bettman said. "We thank
Mike Nealy, Don Maloney, Dave Tippett, team captain Shane Doan and all the
players and staff for consistently going above and beyond on behalf of the
franchise during this long and complex process. We thank the Coyotes devoted
fans for their patient, perseverant support. We are extremely pleased that a
positive resolution has been achieved for the fans, the city, the Coyotes and
the League."

The NHL has been running the Coyotes for the last four years after rescuing it
from a protracted battle in Bankruptcy Court. The franchise was in jeopardy
of relocating if the city of Glendale did not accept the terms of Renaissance
Sports and Entertainment to operate Jobing.com arena. Glendale's city council
did approve a multimillion-dollar deal with a 4-3 vote.

"We are thrilled to be taking over a team led by one of the NHLs best general
managers in Don Maloney, one of the best coaches in Dave Tippett, and the
leagues longest serving and most respected Captain in Shane Doan," said
Anthony LeBlanc, Alternate Governor and pending CEO of the franchise. "The
Coyotes are here to stay and we will continue to work hard on and off the ice
and have a strong presence in our community. Our ultimate goal is to bring a
Stanley Cup championship to our tremendously resilient, passionate and
dedicated fan base here in the Valley. We have a lot of work to do and we
can't wait to get started."